Karma Energy Ltd to sell subsidiary for Rs. 35 crore

The Board of Directors of Karma Energy Ltd at their meeting held today have approved disinvestment of entire stake in wholly owned material subsidiary company namely M/s. Batot Hydro Power Ltd subject to approval of members.

The total consideration to be received from such disposal is Rs. 10/- per share (Rupee Ten only per share) aggregating to Rs. 3500.00 Lakh.

Shares of Karma Energy Limited was last trading in BSE at Rs. 20.85 as compared to the previous close of Rs. 20.85. The total number of shares traded during the day was 5394 in over 69 trades.

The stock hit an intraday high of Rs. 21.85 and intraday low of 20.50. The net turnover during the day was Rs. 114138.00.

Source : Equity Bulls

Keywords

KarmaEnergyLimited INE725L01011 KARMAENG StakeSale BatotHydroPower